B.A. LL.B. (Five Years) Sem 3 Economic Theory and Public Finance 2024 Aug Question Paper - KSLU

Questions asked in this paper

UNIT - I

1. Q1 (a) Explain the various methods of estimating National Income.
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2. Q1 OR Explain the problems in the estimation of National Income.
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3. Q1 (b) Write a note on : GNP and NNP.
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4. Q1 OR GDP and NDP.
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UNIT - II

1. Q2 (a) Explain the J. B. Say's law of market.
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2. Q2 OR Explain the concept of effective demand.
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3. Q2 (b) Write a note on : Phases of trade cycle.
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4. Q2 OR Psychological law of consumption.
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UNIT - III

1. Q3 (a) Explain the Big-push theory of economic growth.
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2. Q3 OR Explain the unbalanced growth theory of economic development.
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3. Q3 (b) Write a note on : Difference between economic growth and economic development.
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4. Q3 OR Vicious circle of poverty.
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UNIT - IV

1. Q4 (a) Explain the merits and demerits of direct taxes.
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2. Q4 OR Explain the various sources of revenue of the Central Govt.
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3. Q4 (b) Write a note on : Plan expenditure and non-plan expenditure.
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4. Q4 OR Canon's of taxation.
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UNIT - V

1. Q5 (a) Explain the role of deficit financing in economic development of India.
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2. Q5 OR Explain the types of deficit financing.
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3. Q5 (b) Write a note on : Components of budget.
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4. Q5 OR Limitations of deficit financing.
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Typed from the KSLU paper above. The paper is the original. Long reading passages are shortened here to their first and last lines and a summary.